How Much Will They Drop? The Bank of Canada just dropped The Overnight Rate to 0.50%. Now it is up to Banks to decide whether or not they will decrease the Prime Lending Rate. Although every Bank in Canada is supposed to be making their own decision on this, they always seem to agree on… Continue reading Rates Have Dropped. Switch to a Variable Rate Now!
Picture Greece and Germany as two neighbours. They live on a leafy residential street in Toronto’s Beaches area. Germany has made some improvements to its home. They have high efficiency windows, rooftop solar panels, and a rain barrel. The German’s leave for work each day at 6am and don’t return until after dark. Despite this… Continue reading How Greece Will Affect Your Mortgage